Investigation Overview
July 03, 2017 (Shareholders Foundation) - An investigation on behalf of investors in shares of Triumph Group Inc (NYSE:TGI) was announced over potential breaches of fiduciary duties by certain officers and directors at Triumph Group.
The investigation by a law firm concerns whether certain Triumph Group directors breached their fiduciary duties and caused damage to the company and its shareholders.
Triumph Group Inc reported that its Total Revenue declined from over $3.88 billion for the 12 months period that ended on March 31, 2016 to over $3.53 billion for the 12 months period that ended on March 31, 2017 and that its Net Loss declined from over $1.04 billion to $42.95 million.
Shares of Triumph Group Inc (NYSE:TGI) declined from $85 per share in July 2013 to as low as $19.80 per share in May 2017.